Americas ETP News
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BMO ETF Report: Global Events Promote Growth and Innovation in ETF Industry
July 28, 2016--The Canadian ETF industry has crossed the C$100 billion milestone and has experienced C$10.6 billion in inflows year to date
Trends include increased use of smart beta and fixed income ETFs
BMO Global Asset Management (BMO GAM) today released its semi-annual ETF Outlook Report, which highlights key trends that impacted the Exchange Traded Fund (ETF) industry in the first half of 2016 along with expectations moving forward.
According to the report, the Canadian ETF industry is on pace for another historic year with more than C$10.6 billion in inflows to date in 2016. Assets under management (AUM) have surpassed the C$100 billion mark-double the AUM of the industry four years ago. This compares to US$2.3 trillion in AUM for the U.S. market, US$529 billion in AUM for the European market and US$123 billion in AUM for the Asia-Pacific market.
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Source: BMO Global Asset Management
Shift from Active to Passive Investment Products Accelerates in First Half of 2016, According to Broadridge Financial Solutions
July 28, 2016--Retail funds & ETFs increase slightly with IBDs experiencing largest move from active to passive
Independent broker dealers (IBDs) and wirehouse firms experienced net asset outflows of two percent for actively managed mutual funds in the first half of 2016, according to data released today by Broadridge Financial Solutions, Inc. (NYSE:BR) via its Fund Distribution Intelligence. Much of the outflows of actively managed funds from broker dealers appeared to move to passively managed mutual funds and ETFs. During the first half of 2016, net new assets for passively managed funds and ETFs increased by nine percent and one percent for IBDs and wirehouses, respectively.
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Source: Broadridge Financial Solutions, Inc.
WBI Shares Launches New ETF: WBIR
July 27, 2016--WBI Shares is excited to announce the launch of its newest exchange-traded fund, WBI Tactical Rotation Shares
(Ticker: WBIR).
WBIR is designed to take advantage of opportunities around the globe while seeking to protect capital during
unfavorable market conditions.
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Source: WBI Investments
Federal Reserve Issues FOMC Statement
July 27, 2016--Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong in June following weak growth in May.
On balance, payrolls and other labor market indicators point to some increase in labor utilization in recent months. Household spending has been growing strongly but business fixed investment has been soft. Inflation has continued to run below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports.
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Source: Federal Reserve
CBOE To List SPX Monday-Expiring Weeklys Options
July 27, 2016--Monday Weeklys Provide Investors With Additional Tool for Hedging Over-the-Weekend Risks
Introduction of Monday Weeklys Follows Successful Launch of Wednesday Weeklys in February
The Chicago Board Options Exchange(R) (CBOE(R)) today announced that it plans to list S&P 500(R) Index (SPX) Monday-expiring WeeklysSM options, beginning August 15, 2016, pending regulatory approval.
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Source: CBOE
CFTC's Weekly Swaps Report has been updated, and is now available.
July 27, 2016--The CFTC Swaps Report provides a detailed weekly snapshot of the gross notional outstanding as of the penultimate Friday prior to the CFTC Swaps Report's Wednesday publication date, as well as a detailed weekly total of the transaction volume (on both a ticket volume and dollar volume basis) ending that same penultimate Friday, in two asset classes (interest rate swaps, credit default swaps).
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Source: CFTC.gov
Direxion Launches Two ETFs to Expand Leveraged and Inverse Lineup
July 27, 2016--New ETFs Offer 2X Bull Exposure to European Financials and Single Inverse Exposure to Gold Miners
Direxion announced today it has added two new ETFs to its existing lineup of leveraged and inverse ETFs.
The Direxion Daily European Financials Bull 2X Shares (Ticker: EUFL) seeks to achieve 200% of the daily performance of the MSCI Europe Financials Index.
The Direxion Daily Gold Miners Index Bear 1X Shares (Ticker: MELT) seeks to achieve 100% of the inverse of the daily performance of the NYSE Arca Gold Miners Index.
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Source: Direxion
Direxion Announces Reverse and Forward Share Splits of Nine Leveraged ETFs
July 26, 2016--Direxion has announced it will execute reverse share splits for four of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another five leveraged ETFs.
The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
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Source: Direxion
US interest rate benchmark hits 7-year high ahead of new rules
July 26, 2016--Rise comes ahead of new rules for money market funds that invest in short-term bonds.
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Source: FT.com
Economists argue for taxing trades
July 26, 2016--Two reports published Thursday by progressive think tanks back a financial transactions tax (FTT), arguing that such a tax on trades could make the financial sector more helpful to all Americans.
"If the tax is dedicated to funding higher education, as some have suggested, this would amount to transferring resources from the financial sector to the education sector,"
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Source: thehill.com
